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News

NEPZA Boss Warns Against Violation of Financial Regulations

adminBy adminJuly 8, 2020No Comments2 Mins Read
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(Abuja)

The Managing Director of Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, has warned officials of the agency against violations of financial regulations and inappropriate financial dealings.

Speaking while briefing the audit personnel of the agency, the Managing Director
declared that he would not tolerate tampering with financial regulations and corruptive activities, both in the procurement process and in the financial management of the
agency.

“Let me make this very clear, I will strictly enforce extant rules and financial regulations. I will not tolerate breaching of due process in procurement and other financial transactions.

“I charge you to ensure proper record keeping and observance of the internal
processes. Every transaction must be within the bound of the law. If there is any infraction, I will act swiftly against culprits. There must be no excuse.

“I am a stickler for transparency and accountability. Any official who breached the financial protocols will be sanctioned.

“We will conduct governance audit to ensure the right things are done. We must adopt and follow our processes within the ground of extant regulations”, the Managing Director declared.

He, however, urged the staff to imbibe the culture of transparency and accountability, admonishing that he would not shield nor defend any official engaging in corrupt practices.

Mr Martins Odeh, Head, Corporate Communications of the organisation recalls that Adesugba assumed duty as NEPZA boss on July 1, after President Muhammadu Buhari approved his appointment on June 26.

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